Business

SEC reportedly subpoenas Wall Street banks over AI hedge fund Situational Awareness's near collapse

CNBC · August 25, 2026 at 5:47 AM

SEC reportedly subpoenas Wall Street banks over AI hedge fund Situational Awareness's near collapse

The SEC is seeking information from major Wall Street banks about trades and financing tied to AI-focused hedge fund Situational Awareness.

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SEC reportedly subpoenas Wall Street banks over AI hedge fund Situational Awareness's near collapse

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